Experienced real estate investor sought a 1st TD to purchase this 19-unit multi-family investment property in San Bernardino, San Bernardino County, CA. The borrower currently owns and operates a 4 unit, multi-family investment property and is acquiring this subject property to expand borrower’s real estate investment portfolio.
The subject property is a gated, two story, 19-unit apartment building in good condition near the “University District” and Downtown San Bernardino. The subject property sits on a 41,584 SF lot with 8,210 SF of rentable space. The subject property has 18 studios (420 SF each) and one 1 bed/1bath unit (650 SF). The subject property is fully occupied, earning $15,220 in monthly rental income. The subject property features a common courtyard and open as well as garaged tenant parking. The subject property is very well-located close to several colleges (Loma Linda University, Cal State San Bernardino, San Bernardino Valley College) and the “March Air Reserve” Base. The subject property sits at the base of San Bernardino Mountains nearby the 210 & 215 FWYs, a downtown commuter rail and several local schools, shopping, restaurants.
What we like about this Trust Deed opportunity:
- Borrower bringing in $479,400 as Down Payment
- San Bernardino location near Downtown and “University District”
- Experienced Multi-Family real estate owner and operator
- $15,220/month rental income
- 6 months’ Guaranteed Interest
- No vacancies
$1,118,600 1st TD @9.50% 70.00% LTV Purchase Multi-Family San Bernardino
